BMWs are ready to be loaded onto a ship for export at the port of Charleston. About $8.76 billion worth of X model vehicles, all assembled in Spartanburg County, were exported through the port in 2017. (Photo: Fred Rollison, Provided/BMW Manufacturing) BMW is considering building more SUVs in China as tariffs between the United States… Continue reading BMW: Ongoing trade war could push some South Carolina car production to China
Tag: Strategy
Self-driving car industry needs standards and security: executives
BERLIN (Reuters) – Automakers need standards for key equipment, a wide-reaching 5G broadband network and strong partnerships to make self-driving cars and electric vehicles a success, top European car industry executives said on Wednesday. FILE PHOTO – Ralf Speth, CEO of Jaguar Land Rover delivers a keynote speech at their ‘Tech Fest’ in London, September… Continue reading Self-driving car industry needs standards and security: executives
Qualcomm tops Q4 earnings targets, eyes 5G growth
Qualcomm published better-than-expected fourth quarter financial results on Wednesday. The semiconductor giant reported non-GAAP earnings of 90 cents per share on revenue of $5.8 billion, down two percent year over year. Wall Street was looking for earnings of 83 cents per share with $5.52 billion in revenue. Featured stories For the full fiscal year 2018,… Continue reading Qualcomm tops Q4 earnings targets, eyes 5G growth
Addison Lee launches self-driving taxi trials in Canary Wharf
Private hire firm Addison Lee has begun trialling self-driving car technology, created by UK startup Oxbotica, on the streets of London. Driving around the skyscrapers of Canary Wharf, Addison Lee’s manned cars are creating a three-dimensional street map of the city in order to create the backdrop for future driverless cars. Organised together with Canary… Continue reading Addison Lee launches self-driving taxi trials in Canary Wharf
Workhorse Group Reports Third Quarter 2018 Results
CINCINNATI, Nov. 7, 2018 /PRNewswire/ — Workhorse Group Inc. (NASDAQ: WKHS), an American technology company focused on changing the way the world works by providing sustainable and cost-effective transportation solutions, today reported financial results for the third quarter ended September 30, 2018. Third Quarter and Recent Operational Highlights In July, secured $6.1 million term loan… Continue reading Workhorse Group Reports Third Quarter 2018 Results
Start of production in Dingolfing: First BMW 8 Series Convertible rolls off the line
Dingolfing. Four months after production of the new BMW 8 Series Coupé ramped up in Dingolfing, the BMW 8 Series family is joined by another new addition from Lower Bavaria. Earlier this week, BMW Group Plant Dingolfing began series production of the new BMW 8 Series Convertible, which will be built alongside BMW 5 Series… Continue reading Start of production in Dingolfing: First BMW 8 Series Convertible rolls off the line
BMW Group clearly focused on mobility of the future
Munich. The BMW Group remains firmly committed to following its forward-looking strategy, despite the current challenging conditions. In line with its Strategy NUMBER ONE > NEXT, the BMW Group continues to invest extensively in tomorrow’s technologies and is maintaining its steady course, despite highly volatile geopolitical and trade policy developments. “Our forward-looking approach has absolute… Continue reading BMW Group clearly focused on mobility of the future
Grab pulls in $250M from Hyundai as ongoing round reaches $2.7B
Grab, the Singapore startup that bought Uber’s Southeast Asia business earlier this year, continues to announce strategic investors for its ongoing Series H funding round. The latest edition revealed today is Korean automotive firm Hyundai, which is investing $250 million. Hyundai first invested in Grab in January, and it joins recently announced investors Microsoft (undisclosed)… Continue reading Grab pulls in $250M from Hyundai as ongoing round reaches $2.7B
Subaru Corporation Receives Securities Analysts’Award for Excellence in Corporate Disclosure for Fifth Consecutive Year
October 15, 2018
Subaru Corporation Receives Securities Analysts’
Award for Excellence in Corporate Disclosure for Fifth Consecutive Year
Tokyo, October 15, 2018 – Subaru Corporation has been selected as the top company in the “automobile, auto parts and tires” category of the 2018 Awards for Excellence in Corporate Disclosure presented by the Securities Analysts Association of Japan (SAAJ). Subaru received the highest marks among the 19 companies in the category that were evaluated. This is the fifth consecutive year that Subaru has received this award.
The Excellence in Corporate Disclosure Awards have been presented by the SAAJ every year since 1995 with the goal of improving corporate information disclosure. This year marks the 24th year that the award program has been held. Companies are evaluated by securities analysts of each sector on the basis of the following five criteria:
1) management’s stance on investor relations, the function of a corporation’s investor relations department, and basic stance of a corporation’s investor relations; 2) disclosures through briefings, interviews, and explanatory materials; 3) fairness in disclosure; 4) disclosure related to corporate governance; and 5) voluntary disclosure that conforms to conditions of each industry.
As the company’s management philosophy, Subaru aims to be “a compelling company with a strong market presence” built upon its customer-first principle.
We will continue to meet our responsibilities as a company that conducts its business on the global stage and, in our IR activities, will seek to further enhance shareholder and investor understanding of Subaru through the broad-based and fair disclosure of corporate information.
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Volkswagen remains on track for growth despite a challenging environment
Sales revenue and deliveries above prior-year level As expected, operating profit for the third quarter affected by WLTP changeover Forecasts for sales revenue and operating profit for 2018 confirmed COO Ralf Brandstätter: “The development in sales and growth over the first nine months has been gratifying. We still need to improve our operating return.” In… Continue reading Volkswagen remains on track for growth despite a challenging environment